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AIB records net income of $1.97 million in Q1 2014

2014-04-23

According to The Arab Islamic Bank (AIB) data for the first three months of the year, net profit after taxes reached 1,968,953 USD, compared with a net profit after taxes of 780,404 USD from the first three months of 2013, a net increase of 152.3%. Total assets of the company reached 489,076,943 USD as of March 31st, 2014, compared to total assets of 469,814,701 USD as of December 31st, 2013, a net increase of 4.1%. Total liabilities and restricted & unrestricted investments accounts of the bank reached 438,357,572 USD as of March 31st, 2014, compared to total liabilities and restricted & unrestricted investments accounts of 427,292,363 USD as of December 31st, 2013, a net increase of 2.6%. Net ownership equity of the company reached 65,622,340 USD as of March 31st, 2014, compared with a net ownership equity of 62,321,766 USD as of December 31st, 2013, a net increase of 5.3% in the first three months. Furthermore, paid-in capital increased from 48,719,588 USD on December 31st, 2013 to 50,000,000 USD  March 31st, 2014, an increase of 2.6%.

 

 

 

 


 

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